One-Minute Daily AI News 7/31/2024

1. Meta’s advertising growth is proof that hefty AI spending is already paying off.[1]
2. Google releases new ‘open’ AI models with a focus on safety.[2]
3. Microsoft’s annually updated list of competitors now includes OpenAI, a long-term strategic partner.[3]
4. AMD is becoming an AI chip company, just like Nvidia.[4]

Sources:

[1] ~https://www.cnbc.com/2024/07/31/meta-advertising-growth-proof-that-hefty-ai-spending-is-paying-off.html~

[2] ~https://techcrunch.com/2024/07/31/google-releases-new-open-ai-models-with-a-focus-on-safety/~

[3] ~https://www.cnbc.com/2024/07/31/microsoft-says-openai-is-now-a-competitor-in-ai-and-search.html~

[4] ~https://www.theverge.com/2024/7/30/24209938/amd-q2-2024-earnings-datacenter-ai-revenue~